Corporate Council on Africa’s latest news

US hails ‘Record’ year for trade with Africa
African News
Nearly 550 new trade and investment agreements have been signed, representing a 67% increase compared to 2022 in terms of number and value, said British Robinson, coordinator of the “Prosper Africa” ??trade initiative launched by the United States…Read More>>

ENERGY

Kenya Power Releases Five-Year Operational Roadmap
Capital FM
Kenya Power has unveiled a new five-year corporate strategic plan (CSP) to safeguard it position as the region’s leading electricity utility company.In order to broaden and deepen revenue streams, the 2023–2028 CSP will push value creation levers, rework the firm‘s operational business model, and investigate new growth opportunities…Read More>>

Nigeria govt set to unbundle TCN
Premium Times Nigeria
The Nigerian government on Tuesday hinted at plans to restructure the Transmission Company of Nigeria (TCN) into two entities.Nigeria’s Minister of Power, Adebayo Adelabu, disclosed this while speaking at the Federal Ministry of Power ministerial retreat held in Abuja on Tuesday…Read More>>

HEALTH

Achieving Universal Health Coverage in Nigeria Through Private Sector Financing
All Africa
For years, the federal government of Nigeria has consistently allocated less than 15% as a share of gross domestic product (GDP) to the health sector, with only two states — Kaduna and Sokoto states, meeting the African Union health allocation target…Read More>>

INFRASTRUCTURE

Sisi says Egyptian state is keen on changing the appearance of Greater Cairo
State Information Service
President Abdel Fattah El Sisi said that the Egyptian state is keen on changing the appearance of and traffic movement in Greater Cairo by the construction of new roads.Sisi’s remarks came during an inspection tour to check on the progress achieved so far in work to develop a number of roads and traffic axes in Greater Cairo, especially the Major General Mahmoud Nasr Corridor…Read More>>

Govt Prioritizes Dualling Of Malaba – Eldoret Highway To Boost Business Efficiency, Revenue Collection
Capital FM
The government has prioritized dueling of Malaba-Eldoret highway as a legacy project to enhance its trade thus boosting revenue collection beyond Sh7 billion at Malaba OSBP.The project aims to ease traffic congestion, improve efficiency, and increase revenue generated through the Malaba border crossing..Read More>>

Eacop First 100 Km Consignment Pipes Arrive in Dar
All Africa
The first consignment of 100 kilometres pipes for the East African Crude Oil Pipeline (EACOP) have arrived in Dar es Salaam Port, signalling the initiation of the main construction phase for the cross-border pipeline project….Read More>>

AGRIBUSINESS

Minister Kawale impressed with maize production by Illovo, LUANAR in Dwangwa
Ground News
Minister of Agriculture Sam Kawale has expressed impression over the first maize harvest by Illovo Plc in partnership with Lilongwe University of Agriculture and Natural Resources (LUANAR) The partnership has resulted in cultivating 102 hectares of land through irrigation farming. The harvest will go a long way in helping different Institutions to have access to food….Read More>>

Over 150 countries endorse UAE declaration on Agric food systems in Dubai
Premium Times
With less than 48 hours to the conclusion of the 28th meeting of the United Nations Conference of the Parties ( COP28), no fewer than 152 countries have committed to the COP28 UAE Declaration on Agriculture, Food Systems and Climate Action in Dubai…Read More>>

ICT

Meta Introduces New Safety Tools For Kenyan Families
Capital FM
Meta yesterday unveiled a Family Centre with Supervision Tools and Education Hub in Kenya to support safer and more positive experiences for families.The parental supervision tools in the family centre give access to expert-driven safety and wellbeing resources…Read More>>

Tanzania keeps pace with technological advancements
Daily News
In a bid to ensure that Tanzania remains at the forefront of the digital era, the Tanzania Communications Regulatory Authority (TCRA) has reiterated its commitment to fulfilling its mandate by focusing on enhancing and advancing the digital revolution, digital literacy and inclusion…Read More>>

FINANCE

World Bank approves $137 million budget support for Malawi
CNBC Africa
The World Bank has approved $137 million of budget support for Malawi, with an immediate disbursement of $80 million, the bank said in a statement.The funding will help the southern African country enhance fiscal sustainability, stimulate private sector-led growth, and increase resilience to shocks, the World Bank said…Read More>>